time per unit in hours required of the production line to meet the demand. Show complete solution on a clear paper.
Q: Exercise 4-10 (Algo) Recording sales, purchases, shipping, and returns-buyer and seller LO P1, P2…
A: Journal entry is recording and classifying the business transactions into books of accounts…
Q: Given $140.10 per month; cash price $5,600; down payment $0 Cash trade months with bank-approved…
A: Interest per $100= (finance charged/ amount financed)*100 (2806/5000)*100 = 56.12
Q: (Partial) Income Statement tA $
A: Income statement refers to the financial record which reflect the total revenue generated by ac…
Q: Restating Inventory Values Using the LIFO Inventory Reserve. Presented below are the condensed…
A: Inventory: - Inventory is the goods and material that a business holds for a period of time for the…
Q: Explain how Kantian ethicists decide what is ethical and what reasons they would have to hold this…
A: Business Ethics Corporate ethics are a reflection of the organization's philosophy. The foundation…
Q: Rey Company’s only product sells for $222 per unit. Data for its first year of operations follow.…
A: As per the absorption costing method, the product cost includes fixed and variable manufacturing…
Q: Perpetual Inventory Using LIFO Beginning inventory, purchases, and sales for Item 88-HX are as…
A: Inventory valuation is based on the flow-off issue used by the organization. It can be the first in…
Q: Tools manufactures wide variety of tools and accessories. One of its more popular items is a…
A: Solution: Budgeted sales revenue is based on Sales units and their sales price. Budgeted production…
Q: Activity-Based Costing: Factory Overhead Costs The total factory overhead for Bardot Marine Company…
A: Activity-based costing is used to distribute the unallocated overhead on the basis of activity.…
Q: Mokwena Limited acquired 48% investment in Masibi Limited at R100 000. At the date of acquisition,…
A: CONSOLIDATION Financial consolidation is the process of combining financial data from several…
Q: Madison earns 750 per week plus 3% of sales in excess of $6,500. If Madison sells $25,000 in the…
A: Earnings :— It is the money received or receivable for the work done for the others. Earning of…
Q: Assume that markup is based on cost. Calculate the cost and sellin Note: Round your answers to the…
A: Introduction:- A mark-up is a percentage is added to the cost of a product. It is the difference…
Q: Compute the return on investment (ROI) for X Company.
A: The company profitability is measured by using the return on investment. The investors also analyzed…
Q: All else being equal, which of the following results in greater accretion? Increasing takeover…
A: When acquiring company's earning per share increases after the acquisition of target company…
Q: The following is a partial trial balance for General Lighting Corporation as of December 31, 2021:…
A: Income statement is prepared for review of profitability in the business. Single step income…
Q: GLO401 (Algo) - Based on Problem 4-1A LO P1, P2 Prepare journal entries to record the following…
A: Income Statement - Income Statement includes income earned and expense incurred during the financial…
Q: A company has only one deductible temporary difference due to the use of the current expected credit…
A: Deferred tax liabilities are the amounts of income taxes payable in future periods in respect of…
Q: Given the following: 31-day billing cycle 10/5 billing Data…
A: The average daily balance method is generally used to determine the amount of interest to be charged…
Q: Income Statement (Absorption Costing) Sales (80,000 units × $45 per unit) $ 3,600,000 Cost of…
A: Income statement refers to the financial record which reflect the total revenue generated by ac…
Q: Barnes Company reports the following for its product for its first year of operations. Direct…
A: Absorption Costing - In this costing method cost associated with the manufacturing of a product is…
Q: P Limited obtained control with the acquisition of an 80% equity interest in the share capital of S…
A: Goodwill is the amount paid by the acquirer in excess of the fair value of net assets of the…
Q: Mr. Y has gross sales of P1,480,800. He adds a 20% mark-up on cost. His operating expense is 30% of…
A: Taxable Income Using Itemized Deductions All ordinary and necessary expenses paid or incurred during…
Q: P74,500
A: answer is P74500 Step by step explanation: Calculation of total deductions from gross income…
Q: Margaret Rosenthal, accountant for Russell Manufacturing Company, prepared the following income…
A: The question is based on the concept of cost accounting.
Q: P Ltd owns 55% of the shares of S Ltd. Each share entitles the holder to one vote at the AGM. The…
A: A subsidiary in the business sector is a business that is a part of another business, which is…
Q: S Ltd(a partially owned subsidiary), sold inventories for the first time to its parent, P ltd during…
A: Intragroup transactions are those transactions which are made between the parent and subsidiary. At…
Q: 4. Average collection period 5. Asset turnover ratio 6. Profit margin on sales + days %
A: Introduction:- Ration analysis is used to identify financial health of company. It is measured from…
Q: ABC Company hired X as an independent contractor, whereby ABC has no power to control X's conduct.…
A: Income Tax Liability: The entire amount of unpaid taxes owing to the government by a person,…
Q: Describe the primary goals of an entity's financial statement audit and the significance of…
A: The primary goal of financial statement audit: An audit of a company's financial statements is done…
Q: . If NPV is negative, company usually rejects the project. While, if ARR is greater than cost of…
A: Capital budgeting comes under the domain of corporate finance. The accounting and finance principal…
Q: Assume that markup is based on cost. Find the dollar markup and percent markup on cost for the…
A: Markup refers to the amount that is added to the cost price to compute the selling price of a…
Q: The credit card with the transactions described on the right uses the average daily balance method…
A: Introduction An accounting method known as the average daily balance bases interest calculations on…
Q: Second Republic Bank is a lending company that operates in the Southeastern United States. Current…
A: As per Bartleby guidelines if multiple questions are asked then expert need to answer only first…
Q: E3.4 (LO 1, 2, 3) Luong Corporation encounters the following situations: 1. Luong collects $1,300…
A: In business, adjusting entries are recorded for correct reporting of all incomes, expenses, assets…
Q: X Corp is in the process of improving its efficiency / productivity through implementation of new…
A: Productive ratio is calculated by comprising between output with input. it is calculated by dividing…
Q: 3 5 7 8 During Mar, its second month of business, Karry no Key, Inc.: Purchased 300 karaoke machines…
A: Depreciation - Depreciation is charged to the assets of the company due to wear and tear,…
Q: Why might a company estimate ending inventory instead of performing a physical count? O The…
A: Ending inventory counting and valuation helps a business to know value of inventory still available…
Q: X Company, a division of a major oil company, provides various services to the operators of oil…
A: Return on investment is one of the financial ratio which is used to analyse how much operating…
Q: Sweeten Company had no jobs in progress at the beginning of the year and no beginning inventories.…
A: Calculation of plantwide predetermined overhead rate are as follows
Q: A. What is Cullumber's contribution margin ratio? Its variable cost ratio? (Round ratios to 2…
A: Introduction:- CVP analysis is used to identify the changes in costs and volume affect a company's…
Q: David is paid on a graduated commission scale at Lotrex Company. He receives 2% commission on the…
A: Commission rate on first $20,000 = 2% Commission rate on next $50,000 = 6% Commission rate on next…
Q: By conversion of the markup formula, solve the following. Note: Round your answer to the nearest…
A: Formula: Percent markup on cost=ProfitCost×100
Q: Which of the following statements are true? (i) If an investor has more than 50% ownership, it…
A: Answer: option c
Q: A $20 million loan outstanding to the Nigerian government is currently in arrears with City Bank.…
A: Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…
Q: Sandra Hilton of Sisseton, South Dakota, age 60, recently was in a vehicle accident, was…
A: Social security benefits refer to the amount that is received by an applicant after completing the…
Q: Klumper Corporation is a diversified manufacturer of industrial goods. The company's activity-based…
A: Activity based costing is a method of overhead cost allocation. Under this method overhead is…
Q: 9. The federal government allows an income tax deduction for the decrease in value of certain…
A: Depreciation: Depreciation is a method of accounting used to spread out the expense of a tangible…
Q: At present, total outstanding shares of X Corp is 100,000 shares. X Corp issued additional 200,000…
A: According to the given question, we are required to compute the number of shares to be issued to the…
Q: fixed relate le 4.3. Here is financial statement information on four not-for-profit clinics:…
A: A balance sheet is a financial statement that contains details of a company's assets or liabilities…
Q: 9. Carol babysat for 12 hours. Is she entitled to minimum wage? Explain your answer. 10. Harry works…
A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…
A manufacturing firm maintains one product assembly line to produce generators. The demand for the product is 85 units/week.The production runs at 8 hours/day, 5.5 days/week. What is the maximum production time per unit in hours required of the production line to meet the demand.
Show complete solution on a clear paper.
Step by step
Solved in 2 steps with 2 images
- Prakesh Company has the following data for one of its manufacturing cells: Maximum units produced in a month: 62,500 units Actual units produced in a month: 56,250 units Hours of production labor in one month: 10,000 hours Required: 1. Compute the theoretical cycle time. Round your answer to the nearest whole minute.fill in the blank 1 minutes per unit 2. Compute the actual cycle time. Round your answer to the nearest whole minute.fill in the blank 2 minutes per unit 3. Compute the theoretical velocity. Round your answer to the nearest whole unit.fill in the blank 3 units per hour 4. Compute the actual velocity. Round your answer to the nearest whole unit.fill in the blank 4 units per hourJohnson Electronics manufactures a power supply used in a variety of electronics products, including printers, modems, and routers. The demand for the part is 7,500 units per week. The production of the power supply requires six different manufacturing operations, each in sequence and each having the following processing times. The net available time to work is 52 hours per week, using two shifts. Operation Operation 1 Operation 2 Operation 3 Operation 4 Operation 5 Operation 6 Required: 1. What is the Takt time, in seconds, for this product? (Round your final answer to the nearest whole number.) Takt time Processing Time (seconds) 23 20 25 22 30 25 Yes No seconds per unit 2. Is the processing line properly balanced for this product?Delko Company has the following data for one of its manufacturing plants: Maximum units produced in a quarter (3-month period): 250,000 units Actual units produced in a quarter (3-month period): 210,000 units Productive hours in one quarter: 25,000 hours The actual cycle time for Indy Company is 7.14 minutes, and the theoretical cycle time is 6 minutes. Required: 1. Calculate the amount of processing time and the amount of nonprocessing time. If required, round your answers to two decimal places. Processing time minutes Nonprocessing time minutes 2. Calculate the MCE. If required, round your answer to nearest whole number.
- The Sandstone Corporation uses an injection molding machine to make a plastic product, Z35, after receiving firm orders from its customers. Sandstone estimates that it will receive 60 orders for Z35 during the coming year. Each order of Z35 will take 100 hours of machine time. The annual machine capacity is 8,000 hours. Q. Calculate (a) the average amount of time that an order for Z35 will wait in line before it is processed and (b) the average manufacturing cycle time per order for Z35.An all-wood furniture manufacturer operates 8 hours per day for 340 days per year, and has a demand of 2,000 units per day. There are four production cycles per day. Assume the following: 7,700 units produced per day, holding cost per unit is $5 per year, labor rate to do line set-ups is $13 per hour. With quick set-ups, the production line must be quickly re-organized. What is the target set-up cost? Please round to two decimals and do not include a dollar sign. What is the set-up time in minutes? Please round to the nearest two decimals, and do not write the word "minutes" in your answer just enter your number with the two decimals.A manual assembly line is being designed for a product with annual demand = 100,000 units. The line will operate 50 wks/year, 5 shifts/wk, and 7.5 hr/shift. Work units will be attached to a continuously moving conveyor. Work content time = 42.0 min. Assume line efficiency E = 0.97, balancing efficiency Eb = 0.92, and repositioning time Tr = 6 sec. Determine: (a) hourly production rate to meet demand, (b) number of workers required.
- To make a batch of 1,000 units of a certain item, it is estimated that 120 direct labor hours are required at a cost of $10/hour. Direct material costs are estimated at $1,500 per batch. The overhead costs are calculated based on an overhead rate of $7.50 per direct labor hour. The item can be readily purchased from a local vendor for $4 per unit. a. Should the item be made or purchased? b. Over what range of overhead rate is your answer in part a valid?Hernandez Corp. wants to compute its throughput for August. The following production data are available: Good units produced and sold 2,923,200 Total units produced 4,844,000 Total processing (in hours) 201,600 Value-added time (in hours) 50,300 a. Determine the manufacturing cycle efficiency. ______% b. Determine the process productivity. ______ units per hour c. Determine the process quality yield. ______% d. Determine the throughput using only good units and total time. ______ units per hourA company makes two products A and B, using a CNC milling machine which is classified as a single resource pool. The resource is available for 900 minutes per day. The contribution margins for product A and B are $20 and $35 per unit respectively. The unit loads are 10 and 20 minutes per unit. The company wishes to produce a mix of 60% As and 40% Bs. At the indicated product mix, what is the financial capacity (profit per day)? hint: find a weighted margin per unit, then, multiply it by the effective capacity found in previous question. **$1,508.43 per day **$1,899.03 per day **$1,671.42 per day **$1,775.32 per day
- MCE Craig, Inc., has provided the following information for one of its products for each hour of production: Actual velocity: 200 units (per hour) Move time: 11 minutes Inspection time: 12 minutes Rework time: 12 minutes 1. MCE is 0.42 2. What is the theoretical cycle time? Calculate MCE using actual and theoretical cycle times. If required, round your answers to two decimal places. Theoretical cycle time fill in the blank minutes Actual cycle time 0.3 minutes MCE fill in the blankBest Ink produces printers for personal computers. The following information is available for production of a recent order of 500 printers. Process time 16.0 hours Inspection time 3.5 hours Move time 9.0 hours Wait time 21.5 hours 1. Compute the company’s manufacturing cycle time. 2. Compute the company’s manufacturing cycle efficiency. 3. Assume the company wishes to increase its manufacturing cycle efficiency to 0.80. If process time is unchanged, what is the maximum number of hours of non-value-added time the company can have and meet this goal?Spring, Incorporated manufactures two products. It currently has 1,000 hours of direct labor and 2,080 hours of machine time available per month. The following table lists the contribution margin, labor and machine time requirements, and demand for each product: Unit contribution margin Demand Labor time Machine time Product A $21 1, 040 units 3/4 hour 1 hour How much of each product should Spring manufacture per month? Product B $18 2,080 units 1 hour 1/2 hour